Cannabis Corner: Keep an eye on these industry stocks

Article Excerpt

Canada legalized cannabis over four years ago. While demand has been steady, stiff competition has cut selling prices significantly. Meanwhile, advertising restrictions and plain packaging rules make it hard to build brands that win customer loyalty. Still, we think some companies have a distinct edge—including their prospects for added sales in the U.S. as President Joe Biden stirs talk that the federal government could eventually decriminalize cannabis use. Those are the quality stocks we focus on in “Cannabis Corner.” ORGANIGRAM HOLDINGS $1.96 (Toronto symbol OGI; TSINetwork Rating: Speculative) (organigram.ca; Shares outstanding: 80.5 million; Market cap: $143.3 million; TSI Cannabis Quality Rating [CQR]: ) has just expanded its global footprint to the U.K. by entering into a supply agreement to provide dried medical cannabis flower to retailer 4C LABS. Under the terms of the agreement, Organigram expects to supply approximately 600 kilograms of high-quality, indoor-grown dried flower product to 4C LABS within the first year of the deal. It will also grant 4C LABS strain exclusivity within…